Report of the Remuneration Committee In Accordance with the Corporate Governance Guidelines, the Board has appointed the Remuneration Committee which consists of three independent non-executive directors. The members are: Mr. W. A. Upali Gunawardena (Chairman) Snr. Prof. S. P. P. Amaratunge Mr. S. A. Wickramapala A brief profile of the members are given in pages 26 to 29. The Committee studies and recommends the remuneration and perquisites applicable to executive directors and other Key Management personnel of the Company and makes appropriate recommendations to the Board of Directors of the Company for approval. The Group policy on remuneration packages is to attract and retain the best professional
managerial talent to the Group and also to motivate and encourage them to perform at the highest possible level. The Group has a structure and professional methodology in evaluating the performance of employees. The policy ensures equity and fairness between the various employees is maintained, no discrimination is practiced on account of gender, age, ethnicity or religion, recognizes the basic needs of staff and ensures that compensation addresses cost of living and inflation, particularly in the lower income groups. The Committee also carries out periodic reviews to ensure that the remunerations are in line with market conditions.
W. A. U. Gunawardana
Chairman - Remuneration Committee 30 July 2018
Raigam Wayamba Salterns PLC | ANNUAL REPORT 2017 - 2018
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